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Jul 11, 2011
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they have a small percentage of what we're wasting trying to build infrastructure in afghanistan. the notion that the $90 million more that we need for the cftc because of the deficit is nonsense. they want to turn the sec into a profit center. you have a catch-22. first denied the sec and the cftc adequate funding. they in turn will not be able to deal with the rulemaking requirements that they have. because they have not been able to move as quickly on the rolls, the rules have to be abolished. that is something they have imposed. you want the sec and the cftc to have smart people and good information technology. this does not come from the financial institutions. got the rules,, you m will run.e the other problem we have is i have been disappointed in the appointments from the obama administration. we knew last august that the comptroller of the currency had to be appointed but they only now come up with tom curry. the failure of pointing -- appointing someone to the cftb. a bank manager was brutally rejected. he was a disrespectful person by the republicans and now they will c
they have a small percentage of what we're wasting trying to build infrastructure in afghanistan. the notion that the $90 million more that we need for the cftc because of the deficit is nonsense. they want to turn the sec into a profit center. you have a catch-22. first denied the sec and the cftc adequate funding. they in turn will not be able to deal with the rulemaking requirements that they have. because they have not been able to move as quickly on the rolls, the rules have to be...
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Jul 29, 2011
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40% of the cuts are completely counterfeit. 1 trillion of harry reid's cuts come from drawing down in afghanistan and in iraq. and while were all like to end these conflicts as soon as we possibly can, and with success, harry reid's saving assuming the cost of the war our endeavor. woman already start to draw down in both of these regions. it's almost like saying that we will save trillions of dollars by promising not to invade canada. it's never going to happen. i can't support any plan that begins with the assumption that we have to raise the debt limit and yet doesn't offer a fundamental restructuring of government spending habits. i won't do it. and while i embrace the principles of cut, cap and balance, the bill simply did not go far enough to fundamentally restructure the way that this city stands the american people's money. and it allowed for an increase in the debt limit, something i simply won't do. i also believe that we must repeal and defund obamnicare as part of any solution to our current debt crisis. by? because obamacare is the largest spending and entitlement program ever passed
40% of the cuts are completely counterfeit. 1 trillion of harry reid's cuts come from drawing down in afghanistan and in iraq. and while were all like to end these conflicts as soon as we possibly can, and with success, harry reid's saving assuming the cost of the war our endeavor. woman already start to draw down in both of these regions. it's almost like saying that we will save trillions of dollars by promising not to invade canada. it's never going to happen. i can't support any plan that...
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Jul 26, 2011
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it includes savings from winding down the wars in iraq and afghanistan. these are real savings that cbo scores at about $1 trillion. we know that some republicans will quibble over these savings but they have no leg to stand on. but wars are the second biggest policy driver of our deficits after the bush tax cut for the conduct and the worst ads to our debt, to is undeniable that winding down the war's delivers savings. the administration tells us with the wind down, they can't prosecute -- they can count on billions of dollars over the next decade the cbo count $1.67 trillion. we know the republicans agree theythis mstath because included the same settings in the ryan budget that passed the house. they never criticized that accounting and it is hard to see how they could do so now. lastly, senator reid's proposal allows for a joint committee that has the potential to achieve deeper savings down the road. all in all, this is an offer that republicans cannot refuse. all of the cuts in center repots proposal have been supported at one point or another by re
it includes savings from winding down the wars in iraq and afghanistan. these are real savings that cbo scores at about $1 trillion. we know that some republicans will quibble over these savings but they have no leg to stand on. but wars are the second biggest policy driver of our deficits after the bush tax cut for the conduct and the worst ads to our debt, to is undeniable that winding down the war's delivers savings. the administration tells us with the wind down, they can't prosecute --...
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Jul 7, 2011
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from afghanistan. can i commend him for setting a timetable because that is the way to accelerate the process in kabul and make president hamid karzai set up and engage in some of the talks that are already taking place and i agree with my right hon. friend is wrong to internationalize this process. it has to be done through tribal structures in afghanistan and fought by themselves and for themselves. is not something we can supervise from the un. >> i thank my hon. friend for his questioning. across the house -- has to the afghan led. we don't want to see a sort of bad tribal -- that would lead to future instability. clearly it has got to be a proper reconciliation process. what i am scene and a timetable has existed, is a positive engagement from afghanistan and pakistan in talking about their shared future and in the end we can push and encourage and work with but in the end those two countries have to make decisions together about how to be more secure. >> welcome the fact that peace negotiations a
from afghanistan. can i commend him for setting a timetable because that is the way to accelerate the process in kabul and make president hamid karzai set up and engage in some of the talks that are already taking place and i agree with my right hon. friend is wrong to internationalize this process. it has to be done through tribal structures in afghanistan and fought by themselves and for themselves. is not something we can supervise from the un. >> i thank my hon. friend for his...
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Jul 7, 2011
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i announced that we were going to begin drawing down troops in afghanistan and pivot to a transition process where afghans are taking more responsibility for their defense. but we have to do all of this in a fairly gradual way. we can't simply lop off 25 percent off the defense budget overnight. we have to think about all the obligations we have to our current troops who are in the field, and making sure they're properly equipped and safe. we've got to make sure that we are meeting our commitments for those veterans who are coming home. we've got to make sure that -- in some cases, we've got outdated equipment that needs to be replaced. and so i'm committed to reducing the defense budget, but as commander-in-chief, one of the things that we have to do is make sure that we do it in a thoughtful way that's guided by our security and our strategic needs. and i think we can accomplish that. and the nice thing about the defense budget is it's so big, it's so huge, that a 1 percent reduction is the equivalent of the education budget. not -- i'm exaggerating, but it's so big that you can ma
i announced that we were going to begin drawing down troops in afghanistan and pivot to a transition process where afghans are taking more responsibility for their defense. but we have to do all of this in a fairly gradual way. we can't simply lop off 25 percent off the defense budget overnight. we have to think about all the obligations we have to our current troops who are in the field, and making sure they're properly equipped and safe. we've got to make sure that we are meeting our...
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Jul 12, 2011
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i got some cost-benefit analysis on infrastructure in afghanistan and some of the other things that they are for. i think it is a reasonable thing to do. as long as the cost includes, of course, the financial crisis of -- and the lost revenue and jobs and turmoil. that's the cost. the cost is the terrible crisis we had. although -- i notice that alan sloan has come out with a thorough analysis that is going to be printed in "fortune" about how much money we made over the intervention, the combination of the tarp and the federal reserve and made about $100 billion for the federal government. >> [inaudible] just as a related question, you talked about the bailout being over. if -- are we really to believe that -- >> i will not comment on any financial institution. you get to be chairman or you're a ranking member and you have more nevertheless but you have got to shut up some. my first couple of weeks, i talked like a normal person. here i am affecting the market. so obviously i don't want to talk about citi. i will say this. the reason i say bailout is this. if you mean the kind of interv
i got some cost-benefit analysis on infrastructure in afghanistan and some of the other things that they are for. i think it is a reasonable thing to do. as long as the cost includes, of course, the financial crisis of -- and the lost revenue and jobs and turmoil. that's the cost. the cost is the terrible crisis we had. although -- i notice that alan sloan has come out with a thorough analysis that is going to be printed in "fortune" about how much money we made over the intervention,...
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Jul 25, 2011
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not know exactly what is going to do, but is expected he is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he would empower a special committee to find an additional $1.60 trillion to authorize or trigger another increase in the debt ceiling. the problem with this proposal, however, it would require raising the debt ceiling by the requisite $2.40 trillion amount into the stages. that is something the president and democratic leaders after yesterday's said is a nonstarter. they say it would create too much uncertainty for the marketplace and the economy if this process had to be replaced at the beginning of next year or summer of next year. >> the house republicans made their own at last it with a cap and balance
not know exactly what is going to do, but is expected he is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he...
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Jul 27, 2011
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the cost of the war in iraq and afghanistan. it this far outpaces anything. just the war costs in the tax cuts alone, what day account for are the debt. the way you get out of this debt is to pile all of this burden on middle income families and senior citizens. they're the most vulnerable. it is just plain wrong. this is outrageous. ..will close with this bi the house of riverses appears to be here. president obama has put a lot on the table. he put some that makes me very uncomfortable. he has gone the extra mile by any objective analysis. we're close to this deadline. these are something that does not recommend a conference bridge a compromise. it was right off a cliff ticket we should not be doing this. we should be finding ways to come together. let's move on. i regret that we are here. we do not even know what the you're going to bring to the floor. i've never experienced a thing like this before. i regret that we are here. i thank you very much for being here. i wish your counterpart were here. >> thank you. >> thank you very much. how many hearings ha
the cost of the war in iraq and afghanistan. it this far outpaces anything. just the war costs in the tax cuts alone, what day account for are the debt. the way you get out of this debt is to pile all of this burden on middle income families and senior citizens. they're the most vulnerable. it is just plain wrong. this is outrageous. ..will close with this bi the house of riverses appears to be here. president obama has put a lot on the table. he put some that makes me very uncomfortable. he...
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Jul 29, 2011
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it says that, imagine that we're at war for 10 years, in afghanistan and iraq at surge levels. we assume we're going to be fighting this war for 10 more years, with over 100,000 troops in afghanistan and oh, gosh, wait, we're going to withdraw our troops in 2014. $1 trillion in savings. i've got a better idea. let's pass a bill to cover the moon with yogurt that will cost $5 trillion today. and then let's pass a bill the next day to cancel that bill. we could save $5 trillion. wait, i've got a better idea. our debt is $14 trillion. let's come up with a new plan to spend $14 trillion, then rescind it the next day and let's save $14 trillion. this stuff is fiscal fantasy. you can't make this stuff up, mr. speaker. suggesting that we're going to be in a war at these levels for 10 more years when everybody knows we've already decided not to do that, that does not get us $1.3 trillion in spending cuts. only in washington can you add up math like that. we need real spending cuts. i yield myself an additional minute to say, this is getting serious,r. speaker. very serious. we can't ke
it says that, imagine that we're at war for 10 years, in afghanistan and iraq at surge levels. we assume we're going to be fighting this war for 10 more years, with over 100,000 troops in afghanistan and oh, gosh, wait, we're going to withdraw our troops in 2014. $1 trillion in savings. i've got a better idea. let's pass a bill to cover the moon with yogurt that will cost $5 trillion today. and then let's pass a bill the next day to cancel that bill. we could save $5 trillion. wait, i've got a...
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Jul 26, 2011
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part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion for the w is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trlion. and another thing that's scored in tt, since that $1 trillion in war costs is scored the wa
part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion...
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Jul 8, 2011
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messages of british politicians, crime victims, and families of service personnel killed in iraq and afghanistan. if before the newspaper announced it was closing, members of the british house of commons held an emergency debate on wednesday to discuss whether a full public inquiry was needed to look into the phone hacking. you're the first hour of that debate with remarks by the british attorney general and the labor spokesman for home affairs. >> we come to the emergency debate on phone hacking at the news o >> the housethe house will obsen the light of interest, i have imposed a seven minute limit on the back bench contributions. it'll take effect after the contributions. it'll depend on early contributions. to open the debate, i call mr. bryan's. in were hacked by the news of the world. >> one family member spoke today. another has been in touch with me and several others. the police are looking at not dust wireless phones of these families but the family of mcca hn.the charge is even longer. this is particularly worrying given the long third trial. scandalously, it also seems it targeted so
messages of british politicians, crime victims, and families of service personnel killed in iraq and afghanistan. if before the newspaper announced it was closing, members of the british house of commons held an emergency debate on wednesday to discuss whether a full public inquiry was needed to look into the phone hacking. you're the first hour of that debate with remarks by the british attorney general and the labor spokesman for home affairs. >> we come to the emergency debate on phone...
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Jul 29, 2011
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right now we borrow $10 billion every month for military operations in afghanistan alone to prop up a corrupt and incoetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and inastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recogn
right now we borrow $10 billion every month for military operations in afghanistan alone to prop up a corrupt and incoetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was...
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Jul 28, 2011
07/11
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everybody knows that we are winding down the war in afghanistan and iraq. so, here we are six days away, six days waerbgs and we -- six days away, and we still have members of congress saying we have to pass a balanced budget amendment to the constitution. we have members on the other side who are saying that we have to raise taxes. we have a president of the united states who so far has refused to come forward with a detailed plan of his own. that's called leading from behind. it's time, it's time we listened to the markets. it's time we listened to our constituents. but most of all, it's time we listened to the american people and sit down and seriously negotiate something before we face a situation where we are depriving the american people of the fundamental right of having a government that doesn't deprive them the essential services, goods and entitlements which they have earned.objectio. cork coirkd objection. mr. corker: madam president, i'm here today with a sense of optimism. i know that all of us are very concerned about what's happening in our c
everybody knows that we are winding down the war in afghanistan and iraq. so, here we are six days away, six days waerbgs and we -- six days away, and we still have members of congress saying we have to pass a balanced budget amendment to the constitution. we have members on the other side who are saying that we have to raise taxes. we have a president of the united states who so far has refused to come forward with a detailed plan of his own. that's called leading from behind. it's time, it's...